StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

Investment analysts at StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

Taitron Components Stock Performance

TAIT opened at $2.61 on Friday. Taitron Components has a one year low of $2.52 and a one year high of $3.61. The company has a market cap of $15.71 million, a P/E ratio of 11.35 and a beta of 0.47. The business’s 50-day simple moving average is $2.75 and its 200-day simple moving average is $2.81.

Taitron Components Company Profile

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.